The Global Index Insurance Facility picked up valuable moments and testimonials from donors, guest speakers, and participants at the Africa AgTech & Inclusive Insurance Challenge hosted at Sankalp 2022, which took place last month in Kenya, Nairobi. “This was a great opportunity for start-ups in this space to collaborate with IFC and its partners and bring to the fore game-changing ideas that will contribute to the transformation of Africa’s agricultural sector”, said Fatou Assah, GIIF Program Manager. Click here to watch the extended version of the wrap-up video.

When farmers learned about weather insurance in the southern area, there were a lot of pests affecting their fields. Insurers were able to help provide them with pesticides to spray into their fields and control various pests that had attacked their crops. Insurance can help small scale farmers not only to mitigate drought spells when there is no proper rainfall, but also provide assistance when affected by many other factors. The job of insurers, as Niza Banda (Mayfair – Index Insurance Analyst), explains is to help farmers when things become more challenging and compensate them so they are

Since its inception in 2014, the focus with Mayfair Insurance in Zambia has been helping small-holder farmers mitigate risks posed by climate change. Mayfair has since insured millions of farmers and has been a farmer’s friend in securing food baskets at domestic and national levels. Weather insurance is very important in agriculture. Agriculture is a very risky business that can be affected by so many factors. Emmanuel Ndoyo (DACO-Zambezi District) states that the whole district of Zambezi is currently covered, and that there are around 2,900 insured farmers getting payouts for the first-time

Weather Index Insurance is a microinsurance product, launched by Mayfair insurance in Zambia in 2014, has been helping small-holder farmers mitigate risks posed by climate change. Derick Chanda (Chairperson – Kangomba Camp) expressed that most of the farmers in the district did not have insurance to rely on, and that whenever they faced problems or challenges with their crops, they were not sure about where to go and who to ask for help. Now that insurance companies like Mayfair have presence in their lands, they have been able to discuss the technicalities of their insurance agreements and

July 9, 2019; Mumbai (INDIA): The Global Index Insurance Facility (GIIF) and Sankalp Forum by Intellecap, announced the winners of Agriculture Insuretech Innovation Challenge at the Agri Insuretech Forum that took place at the Taj Mahal Hotel in Mumbai. GIIF invited participants from leading insurance companies, government officials from the Ministry of Agriculture, impact investors, and innovators incubators from the agriculture, technology, and insurance sectors. The platform held key panel discussions on bringing together the Agri-insuretech ecosystem stakeholders such as innovators